|
|
|
Knowing More about Forex Introducing Broker by giny hourn
|
|
|
Knowing More about Forex Introducing Broker by GINY HOURN
|
|
Article Posted: 09/30/2013 |
Article Views: 406 |
Articles Written: 1 |
Word Count: 406 |
Article Votes: 0 |
|
Knowing More about Forex Introducing Broker |
|
|
|
Finance & Investment,Investment
|
|
Some people might come across the term Forex Introducing broker but they simply do not have an idea about the role of Forex IB. To simplify, Forex IB is an individual or company that encourages people to participate and invest in foreign currency trading. They act as Forex partner to brokers. They have a direct relationship with their clients and act as a sort of middle man to gauge the gap between clients and brokers. However they do not handle their clients’ finances. They leave this job to the brokers. In exchange for introducing such active trading clients, they get a commission for each live trade. To stimulate their business, they are willing to offer compromises such as giving a part of their commission to any clients who will trade again. This may sound self-sacrificing but this is how they attract more investors into the brokers business. Not all IBs allow their clients to trade CFD or contract for difference. This is actually another service that some brokers offer. If the clients want to participate in such he should ask about this investment opportunity. Some brokers offer this but the client is required to open another account. Some clients have certain expectations of what they look for in a trading platform. Some of them who might have browsed and have done a little researching might inquire about hedging and scalping. Hedging deals with opposing trades that enter simultaneously. The disadvantage is that one of these will suffer from loss while the other will gain profits. Scalping trades in the most liquid markets when the market enjoys high volumes of trade. This will only work towards investors’ advantage if the broker can provide quick price quotes and employs the use of user friendly platforms. Knowing whether the broker provides for such services can help you answer clients’ inquiries better. Retail traders will find that their best option is to trade with the help of the IB. Being identified with such gives your account an edge if you are a client. Regardless of your account size the same amount of volume that most IBs have under his care to be the same as yours even if it's a small amount. Such extra services are free of charge to attract more clients for the brokers. This is a winning arrangement for all involved; brokers get more clients, IBs get more commissions and clients enjoy the profits.
Related Articles -
Forex, ib,
|
Rate This Article |
|
|
|
Do you Agree or Disagree? Have a Comment? POST IT!
Reader Opinions |
|
|
|
|
|
|
|
|
Author Login |
|
|
Advertiser Login
ADVERTISE HERE NOW!
Limited Time $60 Offer!
90 Days-1.5 Million Views
|
|
TIM FAY
After 60-plus years of living, I am just trying to pass down some of the information that I have lea...more
|
|
|
|
|
LAURA JEEVES
At LeadGenerators, we specialise in content-led Online Marketing Strategies for our clients in the t...more
|
|
|
|
|
SUSAN FRIESEN
Susan Friesen, founder of the award-winning web development and digital marketing firm eVision Media...more
|
|
|
|
|
STEPHEN BYE
Steve Bye is currently a fiction writer, who published his first novel, ‘Looking Forward Through the...more
|
|
|
|
|
GENE MYERS
Author of four books and two screenplays; frequent magazine contributor. I have four other books "in...more
|
|
|
|
|
SHALINI MITTAL
A postgraduate in Fashion Technology. Shalini is a writer at heart! Writing for her is an expression...more
|
|
|
|
|
ADRIAN JOELE
I have been involved in nutrition and weight management for over 12 years and I like to share my kn...more
|
|
|
|
|
ALEX BELSEY
I am the editor of QUAY Magazine, a B2B publication based in the South West of the UK. I am also the...more
|
|
|
|
|
JAMES KENNY
James is a Research Enthusiast that focuses on the understanding of how things work and can be impro...more
|
|
|
|